Zhi Jiang Biology: Intends to repurchase shares with an amount ranging from 60 million to 120 million yuan.
Zhijiang Biology Announcement: The company plans to repurchase shares with a total amount of 60 million to 120 million yuan, at a repurchase price not exceeding 25.05 yuan per share. The repurchased shares will be used to maintain the company's value and shareholder rights. It is estimated that the number of repurchased shares will be between 2.3952 million and 4.7904 million shares, accounting for 1.25% - 2.49% of the total share capital of the company. The repurchase period will be within 3 months from the date of approval by the board of directors. The source of funds will be from the company's own funds and special loans for stock repurchase. The repurchased shares will be sold through centralized bidding trading methods according to relevant rules 12 months after the disclosure of the repurchase results and change in shareholding, and will be completed within 3 years after the disclosure. If the sale is not completed within the stipulated period, the unsold shares will be cancelled according to relevant procedures.
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